Illiquid Assets Still Holding Back Banks (Monday's News & Notes)

Mon, 2011-02-07 18:31

This weekend went down fairly quietly, without too much news emerging about retail real estate. The news reports that did emerge, however, were disheartening. The Wall Street Journal reported that banks still haven't worked through the piles of toxic assets on their books. As of Sept. 30, they held more than $360 billion worth of "Level 3" securities--meaning assets that can't easily be valued using market prices. In other news about retail and retail real estate: